Key levels and afternoon trading strategy (personal opinion, not investment advice)
Since the market is in a range-bound phase with “a solid floor below but no volume to break higher,” we must sell high and buy low, and avoid chasing trades:
• Resistance above: The first hurdle is 102.4 (24h high), with major resistance at 107.4 (MA25).
• Support below: The 100 round-number level, with strong long-term support at 97.6 (MA99).
• Trading plan:
• Short setup (sell rallies): In line with the low-volume rebound trend. If the price rebounds to around 104.0 - 105.0 today or tomorrow, but volume still fails to pick up and an upper wick forms, consider entering a short decisively. Place a stop-loss above 107.5, with a target of 101 - 100.
• Long setup (buy a pullback): Don’t chase the price at current levels. If the market retests the 99.5 - 100.5 range and shows little downside momentum, consider opening a small long position, with a strict stop-loss below 98 (to protect against a break below MA99). Target a short-term rebound to around 103.
• Breakdown warning: If the price breaks below 99.11 on heavy volume, it means the 100 support has completely failed. Follow the trend and go short, targeting 97.6; if that breaks, look to 95. $SOL
Since the market is in a range-bound phase with “a solid floor below but no volume to break higher,” we must sell high and buy low, and avoid chasing trades:
• Resistance above: The first hurdle is 102.4 (24h high), with major resistance at 107.4 (MA25).
• Support below: The 100 round-number level, with strong long-term support at 97.6 (MA99).
• Trading plan:
• Short setup (sell rallies): In line with the low-volume rebound trend. If the price rebounds to around 104.0 - 105.0 today or tomorrow, but volume still fails to pick up and an upper wick forms, consider entering a short decisively. Place a stop-loss above 107.5, with a target of 101 - 100.
• Long setup (buy a pullback): Don’t chase the price at current levels. If the market retests the 99.5 - 100.5 range and shows little downside momentum, consider opening a small long position, with a strict stop-loss below 98 (to protect against a break below MA99). Target a short-term rebound to around 103.
• Breakdown warning: If the price breaks below 99.11 on heavy volume, it means the 100 support has completely failed. Follow the trend and go short, targeting 97.6; if that breaks, look to 95. $SOL
